Sunday, March 15, 2009

A.I.G. Planning $165 Million in Bonuses After Huge Bailout

The New York Times

By EDMUND L. ANDREWS and PETER BAKER

Published: March 14, 2009

WASHINGTON — The American International Group, which has received more than $170 billion in taxpayer bailout money from the Treasury and Federal Reserve, plans to pay about $165 million in bonuses by Sunday to executives in the same business unit that brought the company to the brink of collapse last year.

Complete Article

JG: Ah! The greatness of the neo-liberal model of American Capitalism: The rich bosses at A.I.G. get richer with taxpayer money, the poor get poorer, and the middle class lose their jobs and their homes. What a great system!

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